Page 153 - Yucaipa Valley Water District

Director Memorandum No. 18-003 Page 2 of 9

RESOLUTION NO. 2018-02

A RESOLUTION OF THE YUCAIPA VALLEY WATER DISTRICT APPROVING AN
INVESTMENT POLICY AND APPOINTING THE GENERAL MANAGER AS THE
DISTRICT INVESTMENT OFFICER

WHEREAS, the Yucaipa Valley Water District (the “District”) is a public agency of the State of
California organized and existing pursuant to the provisions of the County Water District Law of
this State (Section 30000, et seq. of the Water Code); and

WHEREAS, the attached Investment Policy has been developed to establish procedures that are
formulated in compliance with governing provisions of law (Government Code Sections 53600 et
seq.) for a prudent and systemic investment program in support of the District’s overall mission.

WHEREAS, The District’s investment process and Policy are subject to annual review and
evaluation at a public forum. The overall investment program shall be designed and managed
with a degree of professionalism worthy of the public’s trust.

NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Yucaipa Valley Water
District, as follows:

Section 1: Adoption of Investment Policy. Pursuant to Government Code 53600 et seq., the
“Yucaipa Valley Water District Statement of Investment Policy” is hereby approved as attached
hereto and incorporated herein by this reference.

Section 2: Appointment of Investment Officer. The General Manager of the District is hereby
appointed as the District’s Investment Officer and is authorized and directed to do all things
necessary to implement the Investment Policy.

PASSED, APPROVED and ADOPTED this 16 day of January 2018.
th

YUCAIPA VALLEY WATER DISTRICT

Jay Bogh, President Board of Directors

ATTEST:

Joseph B. Zoba, General Manager

Yucaipa Valley Water District - January 16, 2018 - Page 151 of 287